Allianz had struggled for years to bring underwriting losses under control at Fireman’s Fund.

German insurer Allianz said it had agreed to sell its Fireman’s Fund personal insurance business to insurer ACE for $365 million, freeing Allianz to f(...)

Total revenue rose 12 per cent to $8.91 billion

Morgan Stanley reported an 87 per cent rise in third-quarter earnings on Friday as the Wall Street bank’s trading, investment banking and wealth manag(...)

Goldman’s revenue from bond-trading soared 74 per cent to $2.17 billion in the third quarter as strong US economic data, stimulus measures by the European Central Bank, and the surprise exit of trading superstar Bill Gross from giant bond-trading firm Pimco jolted what had been a listless market. Photograph: Reuters

Goldman Sachs reported a 50 per cent jump in quarterly profit as last month’s pick-up in bond market activity helped to boost trading revenue, showing(...)

 Candidate of the Partido de la Social Democracia Brasilena (PSDB) Aecio Neves during an election campaign rally in Rio de Janeiro. Photograph: EPA/Antonio Lacerda

The increasing prospect of regime change in Brazil is making Petroleo Brasileiro the world’s best major oil stock. It’s also opening the door for fore(...)

Will the latest market pullback be another minor “buy the dip” affair? Or is a correction, or even a bear market, on the cards? S&P 500 pullbacks (...)

The headquarters building of Janus Capital Group  in Denver, Colorado. Bill Gross announced last week that he left Pacific Investment Management Co. (Pimco), the bond giant he helped found 43 years ago to join Janus Capital Group Inc. Photograph: Matthew Staver/Bloomberg

Investors yanked a record $446.5 million from an exchange-traded fund managed by Pacific Investment Management Co. (PIMCO) co-founder Bill Gross after(...)

Bill Gross, former co-founder and co-chief investment officer of Pimco, who abruptly left the company. Photograph: Reuters

Upheaval at the top of Pimco rattled US bond and derivatives markets yesterday as pension funds and other big investors braced for large outflows from(...)

A tram is seen in downtown Lisbon. Loomis Sayles, which  sold at least part of its Irish bond holdings last year, now likes Portuguese dollar bonds. Photograph: Rafael Marchante/Reuters

Loomis Sayles, the investor that bought Ireland’s government debt before the nation’s 2011 bailout triggered a historic rally, now likes Portugal’s do(...)

Bill Gross, former co-founder and co-chief investment officer of Pacific Investment Management Company (PIMCO), speaks in Chicago earlier this year. Gross’ abrupt departure from Pimco, the giant bond firm that he co-founded more than four decades ago, was preceded by months of clashes between the star investor and the firm’s executive committee that got progressively worse, according to sources familiar with the situation. Photograph: Jim Young/REUTERS

Pacific Investment Management Co (PIMCO), seeking to calm investors after the surprise departure of co-founder and former chief investment officer Bil(...)

Bill Gross: “looking forward to be able to continue this run with Janus.” Photographer: Andrew Harrer/Bloomberg

Bill Gross, the famed “bond king”, has resigned from Pimco to join competing asset manager Janus Capital, leaving the company he built into the world(...)